Reference no: EM131295672
Case Study: Greek Depression in 2010
In 2010, the Greek government had to inform the European Commission on how it would control its budget deficit and improve the performance of its economy. The government's debt is so high that agencies assessing the creditworthiness of the government downgraded it (which would mean more interest has to be paid to raise finance). Proposals were likely to include a 10% cut in government spending.
Note: Please also read: Nelson et al. (2010). Greece's Debt Crisis: Overview, Policy Responses, and Implications, which is available in Moodle. The paper will give you some background information about the Greek-debt-crisis during the years 2009-2010.
Question:
1. Outline two possible economic objectives of the Greek government.
2. Explain why the government's budget deficit might be in a large deficit.
3. What would the effect on aggregate demand and Gross Domestic Product (GDP) be if the government cut public spending by 10%?
4. What actions can the government take to increase national income growth in Greece?
5. If the Greek economy is in recession what would you expect to be the effect on:
a) Inflation? Explain your answers
b) Unemployment? Explain your answers.
|
Find the maximum available average power at the interface
: Find the maximum available average power at the interface shown in the figure.- Specify the load required to extract the maximum average power.
|
|
Determine for what particular year depreciation amount
: Crane Company purchased a piece of equipment at the beginning of 2014. The equipment cost $402,120. It has an estimated service life of 8 years and an expected salvage value of $74,160. The sum-of-the-years'-digits method of depreciation is being use..
|
|
What was most important in regards to the law enforcement
: what was the most important in regards to the law enforcement executive? Be sure to address the legal, administrative and operational perspectives in your response.
|
|
Essay on problems mentioned into haberler
: Essay should be based on one of the problems mentioned into Haberler (1950) with references to the main assumptions of the general equilibrium analysis
|
|
Why governments budget deficit might be in a large deficit
: Explain why the government's budget deficit might be in a large deficit. What would the effect on aggregate demand and Gross Domestic Product (GDP) be if the government cut public spending by 10%?
|
|
Find the maximum average power available
: Find the maximum average power available at the interface in the figure.- Specify the values of R and C that will extract the maximum power from the source circuit.
|
|
Entry for the collection of the note and interest
: Sutherland Corporation sold goods to Rice Decorators for $75,000 on September 1, 2017, accepting Rice’s $75,000, 6-month, 6% note. Prepare Sutherland’s September 1 entry, December 31, annual adjusting entry, and March 1 entry for the collection of th..
|
|
Prepare master budget for the three-month period ending
: You have just been hired as a new management trainee by Earrings Unlimited, a distributor of earrings to various retail outlets located in shopping malls across the country. In the past, the company has done very little in the way of budgeting and at..
|
|
Describe how you would control contamination
: BLD 830 - You have been discussing your new "molecular prowess" and people have noticed. You have been given the opportunity to propose a molecular assay and develop a molecular laboratory
|